drbubb Posted March 29, 2006 Report Share Posted March 29, 2006 I have owned this stock for many months, waiting for it to be discovered. It is happening. MarketCap: Pds.xx million = x.xmn shs x 12p Weekly chart ... update - 7.aug.2007 ProactiveInvestors recently published a report: Excerpts below Tertiary Minerals is a bit of a strange beast on the Alternative Investment Market (AIM). The company’s share price performance, including a recent run up to 9p, has been less than spectacular since coming to the market 6 years ago. However, the company has made some pretty interesting moves over the last year which until recently the market had more or less ignored. Tertiary is a diversified exploration mining house, with projects in Northern Europe and Saudi Arabia looking for a wide array of minerals including gold, nickel, diamonds, base metals and rare earth metals. Last year Tertiary spun out its diamond prospects in Finland into a new company called Sunrise Diamonds, but retained a 26% stake. Since spinning out Sunrise Diamonds, attention has focused on Saudi Arabia where the company holds the exploration rights over the Ghurayyah Tantalum(Ta)-Niobium(Nb)-Zircon(Zr)-Uranium(U)-Rare Earth Element(REE) deposit which contains the worlds largest known deposit of Tantalum.The exploration license is valid until January 2007, is renewable for a further 9 years and also gives Tertiary the option to acquire a 50 year mining lease. The deposit is located in the north west of Saudi Arabia and SRK consultants have estimated a JORC compliant contained Inferred Resource of 385 million tonnes grading 245 grams per tonne (g/t) of Tantalum pentoxide (Ta205), 2,840 g/t niobium pentoxide (Nb205), 100g/t uranium oxide (U308), and 8,915 g/t zirconium oxide based on 13 reverse circulation (RC) drill holes. Ghurayyah is near surface and open at depth – characteristics that give weight to a low cost open pittable mine with low strip ratios. The ore is uniform and consistent throughout the area drilled which also leads Tertiary to believe the project has very compelling fundamentals. .. All the above factors give weight to a relatively modest capital expenditure (US $100 million approx.) and fairly quick pay back (3 years). The IRR is expected to be in excess of 25% which in conjunction with a 20+ year mine is very healthy. . . . Tertiary is still some time away from moving to production in Saudi Arabia; assuming the mine goes ahead. However with a market cap under £5 million the risk-reward ratio for Tertiary is noteworthy compared to a great deal of its peers. @: http://www.proactiveinvestors.com/register...article.asp?TYM (needs password) Link to comment Share on other sites More sharing options...
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